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Step 1
Pat steaks dry with a paper towel, then season generously with salt and pepper.
Step 2
Heat oil in a cast iron skillet over medium-high heat until the pan is sizzling hot.
Step 3
Add the steaks to the skillet, cook for 1 minute. Flip the ribeyes over and add 1 tablespoon of butter on top of each steak.
Step 4
Continue flipping the steaks every 1 minute, basting them with melted butter, until the internal temperature reaches your desired doneness. (see doneness temperature chart in notes)
Step 5
Remove the ribeye steaks to a platter or cutting board, cover loosely with foil, and allow to rest for 10 minutes before serving.